About your Search

20100901
20100930
Search Results 0 to 34 of about 35 (some duplicates have been removed)
state and local governments, we turn to virginia. the state's governor is looking for new revenues from a product as old as the hills: alcohol. stephanie dhue looks at whether the governor's plan to privatize liquor sales will be a budget win or a hangover in the making. >> reporter: in town hall meetings around the state, governor robert mcdonnell is making the case for getting virginia out of the liquor business. >> i don't necessarily think it's a core function of government to have to distribute gray goose or jack daniel's, i think there's other things that are probably more important. >> reporter: the governor proposes auctioning 1,000 liquor licenses to retailers, like costco, giant, and 7-11, which already sell beer and wine in virginia. the state would also auction wholesale licenses and get rid of its warehouse and state-owned stores. the proposal promises to bring in nearly $0.5 billion to help fund transportation projects. >> letting the free market work, we can generate a one-time windfall for transportation and keep an equivalent amount of money coming to the state, it's ju
. >> tom: in stark contrast to california, virginia has a budget surplus. republican governor bob mcdonnell calls his state the most business-friendly in the country. mcdonnell says low taxes and limited regulation are the keys to virginia's success. but the state also benefits from federal defense spending. while the governor thinks uncle sam should tighten the purse strings, he says protecting the country is a worthwhile investment. >> it really is about what the priorities are. do we want to spend more on entitlements and social programs and any number of other things? have health care reform that's in the trillions of dollars long-term? a $1.7 billion un-funded mandate on virginia? is that where the spending ought to go? or in a dangerous world with a fair number of people who disagree with america abroad, do we still need to maintain a fair level of defense spending? i think that's a prudent expenditure. >> tom: the complete interview with governor mcdonnell can be found on the n.b.r. web site at "nightly business report" on pbs.org. and stay tuned tomorrow for our continuing se
in northern virginia. its c.o.o., george pakidis, says its a hit. already one out of ten of his customers book rides that way. >> the idea that a client can reach us through the web, they can call us from their smart phone, they can text us, it's just user friendly. >> reporter: taximagic software can help take the load off a cab company's dispatch system. >> if you can see on the phone where the cab is on it's way to pick you up, you're less likely to call the operator and say, "dude, where's my car?" >> reporter: taximagic began with a business plan to integrate taxi charges into expense account software. but when it launched the taximagic smart phone app, things really took off. the service is now available in 30 metro areas, including san francisco, chicago and los angeles. >> i don't think we would be here if there wasn't such a thing as the iphone. our business was nice of the blackberry and nice on the web, but when the iphone came out was when everything went crazy. >> reporter: and just as everything was getting going, the financial crisis hit. but with backing from expense account so
would have to deal with. >> reporter: jamila trindle, "nightly business report," bristow, virginia. >> jeff: so the fed signals that it could soon be time for quantitative easing-- part two. and it was bond prices that go on a tear, with stocks fading away. buyers of bonds just couldn't get enough, once the fed signaled its growing worries about deflation pressures. look at this chart. this shows the yield-- the interest rate-- on the two-year treasury note: a new record low of o.4%. the 10s and 30s also saw lots of buying, although yields aren't anywhere close to setting new lows. as for stocks, a rush for the exits in the last hour. but, transportation stocks managed to hold their gains. let's look at the dow transports e.t.f. in the face of today's selloff, it managed to set a new four- month high. the airlines-- continental, delta, and american airlines-- leading the way. some of that may be due to an industry trade report yesterday predicting a tripling in profits for carriers globally this year, before a big drop in 2011. investors giving a lukewarm reception to a cautious ou
, virginia. >> tom: finally tonight, if you can't get hired in your career field, maybe it's time to change focus. diane eastabrook brings us the story of a former chief financial officer who found a new life by returning to his roots. >> you are now at fenwick high school. you are friars. >> reporter: this assembly on the first day of class at fenwick high school in oak park, illinois, marks a new beginning for 300 freshmen. it is also a beginning for greg pritz, the school's new finance director. he joined the staff last may after being jobless for 18 months. for pritz, this job is a poignant return to the past. he graduated from the catholic high school 35 years ago. >> did you ever think you'd be back at fenwick working here? >> only in my nightmares. ( laughter ) >> reporter: we met pritz in last year's labor day special. the former chief financial officer talked with other laid- off professionals about losing work and trying to finding it again. at that point, pritz had been jobless for nine months. >> the hard part is keeping the energy up. >> reporter: as we walk the halls of his al
, campaign-style, in a virginia family's backyard to promote the new health care law. obama ticked off a list off its achievements, among them: there are no limits on lifetime benefits. kids can no longer be denied coverage for a pre-existing condition. and, dependents up to age 26 will be able to get insurance through their parent's plan. >> all of these things are designed not to have government more involved in health care. they're designed to make sure that you have basic protections in your interactions with your insurance company, that you're getting what you paid for. >> reporter: consumers can expect to pay more in premiums. the administration estimates those new benefits will add an average of 2% to 3% to premium costs. but, supporters say a focus on preventive care will help bring long-term costs down. heritage policy analyst ed haislmaier says whether that will be true is unclear. >> when you start saying things like, "the plan has to pay for dietary counseling for people with high cholesterol," but then doesn't define what high cholesterol is or how many visits and says, "use good
Search Results 0 to 34 of about 35 (some duplicates have been removed)

Terms of Use (31 Dec 2014)